Disney, North Korea Drive Dow Jones Industrial Average Lower

10 August, 2017, 00:41 | Author: Franklin Nunez

The market was higher at lunchtime but veered lower in the afternoon Tuesday.

"The declines in U.S. markets started to gain traction in the afternoon session as nervousness set in after President Trump warned North Korea that they would face "fire and fury like the world has never seen", if they continued with their attempts to build a nuclear warhead, that is able to hit the western US".

In the United Kingdom, the stock of TV giant ITV was down 1.9 percent in early trading, and Sky shares were down 0.5 percent, while Germany's ProSiebenSat.1 fell 1.2 percent.

Gold was the big victor Wednesday as stocks pared back to moderate losses and Walt Disney (DIS) dragged on the Dow, while Netflix (NFLX) and Priceline Group (PCLN) hindered the Nasdaq and retailers took some brutal hits after reporting second-quarter results.

Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific that has a USA military base. The euro edged down to $1.1726 from $1.1751. The Nasdaq composite fell 45 points, or 0.7 percent, to 6,324.

The Canadian dollar cost 78.9 cents U.S. Brent crude, the global standard, lost 28 cents to $52.09 a barrel in London.

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European shares were also lower following reports that a auto had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack.

BONDS: Bond prices fell.

Results also drove some sharp moves lower.

Disney dropped 5.2 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business.

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The state weather bureau said lunar eclipses are safe to watch and observers don't need to use protective filters for the eyes. The full moon will emerge from the shadow area at 1918 GMT, and then the partial eclipse will end, said the report.

Trump stressed a continued focus on punishing drug dealers and tightening immigration to prevent drugs from entering the U.S. The Obama administration declared an emergency last August in Puerto Rico over the Zika virus , for example.

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United States electric vehicle manufacturer Tesla plans to raise $1.5bn (£1.15bn) to fund production of its new Model 3 auto . That's a far cry from the 5000 run rate promised by Tesla for this year end, let alone the 10000/week target for 2018.

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